KCN CHINESE WINE IMPORTER COLLABORATES WITH VECHAIN
Around food there is a lot of fraud and fakes. Tracking food from production to our table is made possible thanks to blockchain technology. Wine production was no exception. The official message says: “Wineries and distributors have taken various measures to combat fraudulent sales, yet few have proved useful. To tackle the issue, D.I.G (Shanghai Waigaoqiao Direct Imported Goods Co., Ltd.), a major importer in China worked with VeChain, a world-leading enterprise-level public blockchain, and launched the Wine Traceability Platform (hereafter referred to as WTP) in June 2018. Built on the VeChain ToolChain, a revolutionary one-stop BaaS platform designed by VeChain, WTP took advantage of the strengths of blockchain, IoT devices, and mobile devices to keep track of the lifecycle of wine from wineries to distributors. So far, more than 20 wine products imported by D.I.G have gone live on the platform, accounting for one-third of total wine products imported by the company.” The news release partner STEX.com.